The move is a bet to become the company's main supplier and expand PotashCorp's presence in Latin America.
Gold Canyon’s (TSX.V: GCU) Ontario, Canada Springpole project may be the next shiny set of shoes about to be scooped up.
The move signals an important step forward for the mining industry, a leading contributor to the Canadian economy.
While the earth contains enough potash to meet the increased global demand for crop production, some regions lack potash deposits needed for optimal food crop yields, the latest global assessment of the resource by the USGS shows.
Gold remains the most-targeted commodity by volume, according to EY’s latest report.
The company said it has been blocked from completing construction of a processing plant at the site.
Global exploration spending dropped 26% in last year, compared with 2013, as several juniors threw in the towel and producing miners slammed the brakes on capital and exploration expenditure.
Hearings starting on Monday for a new uranium mine in Canada's Nunavut territory are attracting opposition from environmentalists and local First Nations who say the Kiggavik project impinges on important caribou calving grounds.
A tight community of stock brokers, promoters and Canadian diamond investors saw some excitement today as North Arrow Minerals (NAR.V), a diamond explorer with active projects in Nunavut, Saskatchewan and elsewhere in Canada, halted its stock pending news.
The Association for Mineral Exploration British Columbia says the province still top destination for companies and investors.
Number one Barrick Gold's output drops in 2014, but fellow Canadian firm Agnico Eagle adds 30% to production ounces.
Chinese Novel Sunrise Investments has agreed to buy 48.7 million shares in SouthGobi —which was once worth over US$2.4 billion —for 35 cents per share in cash.
Allegations are based on internal documents obtained from the Canadian Department of Foreign Affairs, Trade and Development (DFATD).
But it is going ahead with a thorough review of permits related to a proposed processing plant at the site.
Current operational costs for producers have reached $37 to $40 per barrel. Benchmark U.S. crude, meanwhile, is trading at around $50 a barrel.
Canada's J.D. Irving Ltd. hopes to build a massive open-pit copper and gold mine at the state's Bald Mountain.
Industry fears too many juniors chasing too few dollars will equal too few new mines.
In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5 percent a year, oil demand would grow with it, outpacing supply, thus lifting the oil price from $147 to over $200 a barrel.
The potash and oil-rich province was placed at the top of the Fraser Institute's annual rank of mining companies.
Royal Dutch Shell Plc is shelving plans to build a new oil sands mine in northern Alberta, the largest such project to be deferred as producers struggle with low energy prices.
The new rules only apply to future payments and not amounts already owed.
The figure represents 9% of the company's Canadian workforce, and it is due to "soft market conditions."
The country's refusal of a deep sea mining venture off its coast has cast a shadow over the emerging mining practice.
Once fully operational, the Husab mine will have the potential to produce 15 million pounds of uranium oxide.
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